When one group controls an industry or market by being the only provider, this is called MONOPOLY.
Mono - Greek monos means one or single
Poly - Greek polein means to sell.
Monopoly is a market where only one sells a certain good or service. In this type of market there is no competition thus the monopolist is not driven to improve his commodity because consumers have no other choice but to buy his product.
Answer:
$15 trillions
Explanation:
The computation of the GDP is shown below:
GDP = Consumption + Investment + Government purchase + Net exports
where,
Consumption = $10 trillions
Investment = $2.5 trillions
Government purchase = $3 trillions
Net exports = Exports - imports
= $1 trillion - $1.5 trillion
= -$0.5 trillion
So, the GDP would be
= $10 trillions + $2.5 trillions + $3 trillions - $0.5 trillions
= $15 trillions
= 13.5 trillions
Answer:
If the government sets out to make home buying easier for more people by forcing lenders to accept LOWER down payments and LOWER interest rates, the result will likely be an INCREASE in housing prices
Explanation:
If either interest rates or down payment amounts lower, the quantity demanded for houses will increase a little, possible leading to a small increase in the prices of houses.
If both interest rates and down payment amounts lower, then the quantity demanded for houses should increase a lot, which will result in an increase in the prices of houses.
This happened during the first decade of our century and everything was fine until the interest rates started to increase and people could no longer pay their mortgages and BOOM, the economy busted.
Answer:
Pricing
Explanation:
4 ingredients of marketing mix are Pricing, Product, Place and Promotion(the 4Ps).
Pricing- is for determining the value that is put on a product including rebates. Deciding the correct intrinsic value of a product puts a lot of factors into consideration like the target market, the consumer willingness to pay, whether it is sufficient enough for the company to make a profit out of it.
Product - answers the <em>what</em>; the actually good or service being offered for sale.
Place- answers the <em>where; </em>the location of product so customers can buy it.
Promotion- any activities to inform the target market that the product exist, how to use it etc. this includes advertisement, word of mouth among others.
Answer:
Gardening gloves
Terracotta planters
Garden scissors
Watering cans
Explanation:
In the context, Helga owns and runs a online business. She has a website where she sells online houseplants. There are various houseplants available on her site from where people can buy it and get it delivered to their house.
She also makes earnings by the advertisement of various gardening products whose add runs on her sire and she earns through a pay per click basis. Some of the products that are likely to be advertised in her website are gardening gloves, garden scissors, terracotta planters, watering cans, manures and fertilizers,etc.
